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'Millions Left On The Table': How Cities Can Help Trim Rising Flood Insurance Rates


Originally published on December 18, 2020 1:05 pm
William Jennings and his wife have lived in their Virginia Beach, Va., home for the last 37 years. And their plan was to stay in it through retirement.
I really like my house, Jennings says, standing in the front yard. A two-story home. A swimming pool in the backyard.
But Jennings neighborhood has flooded more often in recent years. His house did once, too. His mortgage requires flood insurance, which now costs him $2,336 a year and is set to increase 18% in July.
The 72-year-old Army veteran worries that soon his home may no longer be affordable. His wife supports selling it and moving to avoid the additional flood insurance expense. ....

United States , Virginia Beach , James City County , William Jennings , Roger Hernstadt , Darryl Cook , Roy Wright , Whitney Mcnamara , Emergency Management Agency , Community Rating System , National Flood Insurance Program , Insurance Institute For Business , Mary Carson Stiff , Federal Emergency Management , James County , City County , Fort Myers Beach , Newport News , Insurance Institute , ஒன்றுபட்டது மாநிலங்களில் , வர்ஜீனியா கடற்கரை , ஜேம்ஸ் நகரம் கவுண்டி , வில்லியம் ஜென்னிங்ஸ் , டார்ரில் சமைக்கவும் , ராய் ரைட் , விட்னி மக்நமர ,

'Millions Left On The Table': How Cities Can Do More To Battle Rising Flood Insurance Rates


Originally published on December 18, 2020 1:05 pm
William Jennings and his wife have lived in their Virginia Beach, Va., home for the last 37 years. And their plan was to stay in it through retirement.
I really like my house, Jennings says, standing in the front yard. A two-story home. A swimming pool in the backyard.
But Jennings neighborhood has flooded more often in recent years. His house did once, too. His mortgage requires flood insurance, which now costs him $2,336 a year and is set to increase 18% in July.
The 72-year-old Army veteran worries that soon his home may no longer be affordable. His wife supports selling it and moving to avoid the additional flood insurance expense. ....

United States , Virginia Beach , James City County , William Jennings , Roger Hernstadt , Darryl Cook , Roy Wright , Whitney Mcnamara , Emergency Management Agency , Community Rating System , National Flood Insurance Program , Insurance Institute For Business , Mary Carson Stiff , Federal Emergency Management , James County , City County , Fort Myers Beach , Newport News , Insurance Institute , ஒன்றுபட்டது மாநிலங்களில் , வர்ஜீனியா கடற்கரை , ஜேம்ஸ் நகரம் கவுண்டி , வில்லியம் ஜென்னிங்ஸ் , டார்ரில் சமைக்கவும் , ராய் ரைட் , விட்னி மக்நமர ,